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Bets on Tech Stocks and Cryptocurrencies Brought Small Fortune to US Top Funds in 2020

Meanwhile, funds that trusted oil and gas, suffered losses. In particular, the Direxion Daily S&P Oil&Gas E&P 2X ETF lost 97.3% this year. The Direxion Daily Junior Gold Miners Bear 2X ETF plunged 95.5% in 2020.This year, the coronavirus pandemic has upended the market and challenged investors, both institutional and

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Blockchain tech in national elections: An experience from Romania

For the first time in Romania, the recent national parliamentary elections, which were held in November, used blockchain technology with the main purpose to guarantee the integrity of the electoral process and to strengthen its transparency. The government aimed to ensure tamper-proof and real-time data on voters’ presence.There is still

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Women in Tech Say Proposed STABLE Act Harms Those It Claims to Protect

Although the STABLE Act, proposed Dec. 2 by U.S. Reps. Rashida Tlaib (D-Mich.), Jesús “Chuy” García (D-Ill.) and Stephen Lynch (D-Mass.), is being portrayed by its supporters as protecting low-income communities, many women from marginalized communities fear it would actually make their situation much worse. Several Black women in the tech

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Blockchain tech 13X ‘too expensive’ to justify use: DocuSign CEO

Daniel Springer, the chief executive officers at electronic signature technology company DocuSign, says the firm isn’t likely to incorporate additional blockchain technology anytime soon as current infrastructure is far cheaper.In a Quartz report published yesterday, Springer said the San Francisco-based DocuSign’s 2018 integration of the Ethereum blockchain involved the use

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Thai Excise Department Will Deploy Blockchain Tech to Boost Tax Collection

Thailand’s Excise Department is hoping the integration of a blockchain system can help it boost revenues and assist the nation’s economic recovery.According to a report by the Bangkok Post on Monday, the department will implement a system to make tax receipt collection more efficient, rather than raising taxes.The Excise Department,

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Travel Tech Firm Monaker Group Eyes Regulated Thai ICO Market

Monaker Group, which builds booking platforms for the travel industry, is venturing into tokenized assets with the indirect acquisition of Thailand’s Longroot initial coin offering (ICO) portal.The Nasdaq traded company took an “indirect controlling stake” in the entity that owns Longroot on Thursday, one day after buying up a third

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From PayPal to Libra: Big Tech Has Forced Central Banks to Wake Up to CBDCs, Says Benoit Coeure

Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to Benoit Coeure, head of the Innovation Hub at the Bank for International Settlements (BIS).In an interview with French newspaper L’Express published on the BIS website Friday, Coeure acknowledged central banks had

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